Is Old Saybrook, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Old Saybrook has remained a Seller's Market.
Housing Prices in Old Saybrook, CT
How much do homes in Old Saybrook, CT cost?
Median Sold Price
$620,000
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Old Saybrook was $620,000 in May 2024, up 13.8% from last year, and the median price per square foot was $381.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $226.7K | $350K | +54.4% |
2 Bedrooms | $505K | $536.9K | +6.3% |
3 Bedrooms | $531K | $608.4K | +14.6% |
4 Bedrooms | $625K | $843.5K | +35.0% |
5+ Bedrooms | $581K | $780K | +34.3% |
Summary: Old Saybrook housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.4%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 35%, and 5+ bedroom homes increased by 34.3%.
Housing Supply in Old Saybrook, CT
How many homes are available in Old Saybrook, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 54 | +25.6% |
Summary: The Old Saybrook real estate market had 54 homes for sale in May 2024, a 25.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 13 | 21 | +61.5% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Old Saybrook housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 61.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Old Saybrook in May 2024, up by 25.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for Old Saybrook, CT
We’re sorry, we don't have information for this market at the moment